Despite making efforts to raise funds for months, the cash strapped carrier with a debt of over $1 billion is struggling to finalise a rescue deal with lenders and its major shareholder, Etihad Airways.

New Delhi (Sputnik): Over 300 pilots of India's Jet Airways have threatened to stop flying from 1 April if the debt-laden carrier fails to pay salaries due for months by 31 March.

"If there is no proper clarity on resolution process and salary payment by 31 March, then Jet Airways pilots will stop flying from 1 April", a joint statement issued by the pilots reads.

​Earlier in the day, the Directorate General of Civil Aviation (DGCA) — the country's civil aviation regulator — issued a statement saying that the situation was dynamic and that Jet may reduce the number of aircraft it is flying in coming weeks.

"Current availability of aircraft in the fleet for operation is 41 and accordingly scheduled for 603 domestic flights and 382 international flights have been drawn. However, it is a dynamic situation and there may be further attrition in coming weeks", DGCA said.

Hello,
!

We are committed to protecting your personal information and we have updated our Privacy Policy to comply with the General Data Protection Regulation (GDPR), a new EU regulation that went into effect on May 25, 2018.

Please review our Privacy Policy. It contains details about the types of data we collect, how we use it, and your data protection rights.

Since you already shared your personal data with us when you created your personal account, to continue using it, please check the box below:

I agree to the processing of my personal data for the purpose of creating a personal account on this site, in compliance with the Privacy Policy.

If you do not want us to continue processing your data, please click here to delete your account.

promotes the use of narcotic / psychotropic substances, provides information on their production and use;

contains links to viruses and malicious software;

is part of an organized action involving large volumes of comments with identical or similar content ("flash mob");

“floods” the discussion thread with a large number of incoherent or irrelevant messages;

violates etiquette, exhibiting any form of aggressive, humiliating or abusive behavior ("trolling");

doesn’t follow standard rules of the English language, for example, is typed fully or mostly in capital letters or isn’t broken down into sentences.

The administration has the right to block a user’s access to the page or delete a user’s account without notice if the user is in violation of these rules or if behavior indicating said violation is detected.